 1. Promoters and Prospectus  2. Articles of Incorporation  3. Corporate Charter  4. Organizational Meeting.

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Presentation transcript:

 1. Promoters and Prospectus  2. Articles of Incorporation  3. Corporate Charter  4. Organizational Meeting

 Board of Directors  By-laws  Fixed cost  Variable cost  Total cost  Average total cost (per unit)

Stockholde rs Board of Directors SecretaryPresident (CEO) Treasure r (CFO) Vice Pres.Vice PresVice Pres. Dept. Heads All Other Employees

 Cooperatives  Franchises

 To use resources to increase profits  Use two principles  1. engage in open and free competition  2. not deceive or commit fraud

 Fixed costs-same every month- Rent  Variable Cost- changes each month- labor  Average Total Cost- cost per unit  Toy p. 158